Plymouth IRS Tax Payment Lawyers Helping Clients Settle Federal Tax Debts
The Internal Revenue Service (IRS) will go to great lengths to ensure every taxpayer in the U.S. fulfills their tax obligations. If you are unable to pay your taxes, the IRS can impose penalties and even begin seizing assets to cover your debt. Fortunately, there is an easier way to resolve your issues with the IRS.
If you have tax debt, seek legal representation from the IRS tax payment attorneys at Benner & Weinkauf as soon as possible. Let us help you quickly reach a resolution to your tax issues so you can settle this debt and move forward in your life. Call 774-404-8321 or fill out the form on this website to set up a free consultation today.
What Is An IRS Payment Plan?
If you owe money to the IRS, our attorneys can work with the IRS to create a payment plan on your behalf. A payment plan is an agreement that outlines how you will pay your tax debt over a certain period of time. This option allows you to make small payments every month until your debt has been paid, which is why it’s ideal for people who are unable to make one large lump sum payment.
What Are the Different Types of IRS Payment Plans?
The two main types of payment plans are short-term and long-term plans. A short-term payment plan spans over a period of 120 days or less. If you will not be able to pay the amount you owe within 120 days, you should not choose a short-term payment plan. However, if you are able to pay the debt in full within 120 days, it’s best to choose a short-term plan to minimize the interest and penalties you will have to pay. The IRS also does not charge setup fees for short-term plans.
If it will take longer than 120 days to pay your debt, a long-term payment plan is the best option for you. You will have to pay a small setup fee in order to establish a long-term payment plan with the IRS. You will also continue to accrue penalties and interest over the course of your payment plan. But as long as you make all monthly payments, you can eventually pay off your tax debt and close this chapter of your life.
Regardless of which plan you choose, a payment plan can help taxpayers finally get rid of their tax debt so they can wipe their financial slate clean. Do not set up a payment plan without speaking to our attorneys first. We can communicate directly with the IRS on your behalf to negotiate the terms of your plan.
Call Now to Book A Free Consultation With Our Tax Payment Attorneys
The sooner you contact our attorneys, the sooner you can repay your tax debt and secure your financial freedom. Don’t wait any longer–contact the skilled IRS tax payment and bankruptcy lawyers in Plymouth at Benner & Weinkauf right away. We will aggressively protect your rights and work tirelessly to reach the best possible outcome in your case. Call 774-404-8321 or fill out the form on this website to book your free consultation with our team today.